Technical Analysis for HGD - Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF

Grade Last Price % Change Price Change
F 3.760 3.01% 0.110
HGD closed down 1.62 percent on Friday, May 10, 2024, on 83 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 3.01%
Narrow Range Bar Range Contraction 3.01%
Lower Bollinger Band Walk Weakness 3.01%
New 52 Week Low Weakness 3.01%
BB Squeeze Ended Range Expansion 3.01%
Below Lower BB Weakness 3.01%
Down 3 Days in a Row Weakness 3.01%
Down 4 Days in a Row Weakness 3.01%
Down 5 Days in a Row Weakness 3.01%
Gapped Down Weakness 3.01%

   Recent Intraday Alerts

Alert Time
Up 3% about 4 hours ago
Up 2% about 4 hours ago
Rose Above Previous Day's High about 6 hours ago
Rose Above Lower Bollinger Band about 6 hours ago
Up 1% about 6 hours ago

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Profile

Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF Description

Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF (the ETF) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavor to correspond to two times (200%) the daily performance of the S&P/TSX Global Gold Index. In order to achieve its objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. Assets not invested in financial instruments or equity securities may be invested in debt instruments or money market instruments with a term not to exceed 365 days, or reverse repurchase agreements with a term not to exceed 30 days. The ETF will typically use the price of the S&P/TSX Global Gold Index as the reference for its daily investment objective. The Manager and Trustee of the ETF is BetaPro Management Inc. JovInvestment Management Inc. is the Investment Manager. ProShare Advisors LLC acts as the Sub-Advisor to the ETF.


Classification

Keywords: Gold Exchange Traded Funds Etf Financial Markets Financial Debt Investment Management S&P S&P/Tsx Composite Index Beta S&P 500 Index CBOE Transaction Cost Advisors Tsx Toronto Stock Exchange 300 Composite Index Money Market Financial Instrument

Is HGD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 7.91
52 Week Low 3.57
Average Volume 659,034
200-Day Moving Average 5.818
50-Day Moving Average 4.646
20-Day Moving Average 4.034
10-Day Moving Average 3.965
Average True Range 0.206
RSI (14) 30.56
ADX 36.43
+DI 13.841
-DI 36.916
Chandelier Exit (Long, 3 ATRs) 3.771
Chandelier Exit (Short, 3 ATRs) 4.189
Upper Bollinger Bands 4.348
Lower Bollinger Band 3.719
Percent B (%b) -0.11
BandWidth 15.614
MACD Line -0.228
MACD Signal Line -0.240
MACD Histogram 0.0116
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.785
Resistance 3 (R3) 3.773 3.717 3.763
Resistance 2 (R2) 3.717 3.682 3.723 3.755
Resistance 1 (R1) 3.683 3.661 3.700 3.695 3.747
Pivot Point 3.627 3.627 3.635 3.633 3.627
Support 1 (S1) 3.593 3.592 3.610 3.605 3.553
Support 2 (S2) 3.537 3.571 3.543 3.545
Support 3 (S3) 3.503 3.537 3.538
Support 4 (S4) 3.515